l. List six potential managerial behaviors that can harm a firm's value.
m. The managers at KFS have heard that corporate governance can affect shareholder value. What is corporate governance? List five corporate governance provisions that are internal to a firm and are under its control.
n. What characteristics of the board of directors usually lead to effective corporate governance?
o. List three provisions in the corporate charter that affect takeovers.
p. Briefly describe the use of stock options in a compensation plan. What are some potential problems with stock options as a form of compensation?
q. What is block ownership? How does it affect corporate governance?
r. Briefly explain how regulatory agencies and legal systems affect corporate governance.